|Bid||0.00 x 900|
|Ask||118.48 x 1100|
|Day's Range||117.07 - 117.99|
|52 Week Range||89.05 - 129.34|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||14.52|
|Earnings Date||Oct 18, 2019|
|Forward Dividend & Yield||1.72 (1.46%)|
|1y Target Est||131.83|
American Express Company yesterday declared a semiannual dividend on the Company’s 5.200% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series B, of $26,000 per share .
A well-balanced mix of spending, fees and loans spread across geographies and customer segments might have aided American Express' (AXP) Q3 earnings.
(Bloomberg) -- Sandy Weill still has the checkbook he used in 1967 to make the first donations of the Weill Family Foundation. One was for $10, to his temple. The biggest was for $100.Since then, he and his wife Joan have given away more than $1 billion, often in much larger amounts: $250 million to the medical school at Cornell University in 2007 and $185 million to start a neuroscience institute at University of California San Francisco in 2016. And they’re not done yet, said Weill, 86, with gifts coming in areas new to them, like artificial intelligence and big data.Still, it took Weill 30 years to reach $100 million in giving at Carnegie Hall. It became official Tuesday night when the hall announced a $14.6 million gift from the Weills, partly to endow music education and teacher-training programs in New York City public schools.Not that Weill was counting.“Robert Smith was counting,” Weill said, referring to the private equity billionaire who is Carnegie Hall’s chairman, a role he held from 1991 to 2015. “I had no idea what we had done or not done, and then he told me, ‘Do you know if you give $4.6 million more, you will have surpassed $100 million? I said, ‘You’re some salesman.’”Matched GiftsActually, Weill does recollect some of the increments. After joining Carnegie Hall’s board in 1983, when he was president of American Express, he gave $2 million toward the building’s restoration. For his 70th birthday -- soon after he’d left the top job at Citigroup -- Carnegie Hall ran a campaign to build an endowment for music education in his honor. The Weills agreed to match gifts, with $60 million raised, though Carnegie Hall only credited him for $30 million, Weill said.While Carnegie Hall’s acoustics are a favorite of artists, orchestras and audiences, expanding education programs is the most important mark Weill says he’s made on the institution, which was built by Andrew Carnegie with an initial $2.1 million investment in the 1890s.“What our country has done is we’ve taken music education out of the school system, yet it’s probably the most cost effective way of really helping people in their development,” Weill said. “Young people that have an affinity with a musical instrument, their brains usually grow larger, and they’re better in math and science.”‘Old Man’The next era at Carnegie Hall will belong to Smith, Weill said. “I’m like an old man at Carnegie Hall. I’ve had my time to help.”The Weills’s gifts created an infrastructure for music education that makes expansion possible, Smith said in an interview. “This is about scale and sustainability.”While reaching $100 million may be an invitation to move on, Carnegie Hall will always be the place where Weill entered the big time of elite giving. “When I came in 1983, I didn’t know anything about fundraising, not much about philanthropy, but I had a big mouth,” he said.Little did he know philanthropy would become his second career. “Everybody thought I was going to die at my desk and never retire. I didn’t know what it was going to be like to be out of that power position. But I’ve had another life besides just running a big financial institution.”At a reception Tuesday evening in the Weill Terrace Room, Joan Weill got the last word about her husband’s devotion to Carnegie Hall, after guests had taken in a performance by the Philadelphia Orchestra, sipped egg creams and perused photos of the couple, many at galas that she had selected for display.“The music, the people, the privilege of seeing these children being educated,” she said. “We have gotten so, so much out of it.”(Updates with Joan Weill’s comment in last paragraph.)To contact the reporter on this story: Amanda Gordon in New York at email@example.comTo contact the editors responsible for this story: Pierre Paulden at firstname.lastname@example.org, Steven Crabill, Peter EichenbaumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Wedgewood Partners’ David Rolfe sold out of the stock in the second quarter, citing investment mistakes by Buffett over the past decade, meager stock repurchases, and the drag of a cash hoard.
Entrepreneurs should be taking advantage of credit card rewards. Many new business owners have to spend money on a variety of things, including advertising, travel and office supplies. This credit card from Chase Bank (NYSE: JPM) is one of the best credit cards for entrepreneurs because it offers great rewards for money spent on travel and advertising.
Third-quarter earnings season ramps up, with big banks leading off. Data releases this week will address retail, housing, and the health of the broader economy.
The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.
Not too long ago, Square (NYSE:SQ) was the up-and-comer of financial tech stocks and could do no wrong for a while. But that is no longer true. In fact, this year SQ stock is only up 10% while Visa (NYSE:V) and MasterCard (NASDAQ:MA) are up more than three times as much.Source: Shutterstock This year SQ stock hit heavy resistance at $83 per share and has failed at every potential breakout there. Although SQ is also lagging the S&P 500 by 40%, the opportunity from here is that there is more upside potential than downside risk.Finding bottoms in stocks is tricky. But identifying support zones that could act as a baseline for rallies is a lot easier. Square stock has fallen into such zones. Being around $50 per share has been pivotal to SQ for the last five years. So the bulls in it are on solid footing, which usually makes the case for more upside. There are no weak hands left to hold the stock after a long time of selling pressure.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Super Boring Stocks to Buy With Super Safe Returns Fundamentally, and even after this big correction, SQ stock is still not cheap. It still loses money and it sells at eight times sales. From that perspective it could have a lot more froth to shed. The bullish thesis for SQ has to include the assumption of strong growth. Otherwise it won't deserve its valuation premium and it would have to reprice lower. SQ Stock Has a Good Base for a BounceTechnically the short-term SQ charts show clear lines to trade. Short term, SQ has an opportunity just above $63 per share. This could invite momentum buyers to target $68. But from there, SQ might get a few more optimistic buyers to try and fill the giant gap from the last earnings report. It won't be easy, but if the overall markets rally for any reason then SQ will likely have a realistic chance to do it. But as with any good trade, there needs to be proper stops. In this case, SQ needs to sustain the high-low trend to retain the upside momentum.As with many investments, the whole globe is migrating all financial transaction to digital. The fin-tech sector stocks will have strong demand on their products and services for years to come. SQ, V, and MA will be amidst the winners. Their management teams have so far executed well on plans so I expect them to continue.The bitcoin craze is evidence that the world is ready for electronic financial transactions. Almost everyone I know uses one form of fintech or another. There is definitely room for all major entrants to prosper in it. SQ stock will be higher in the future if the stock markets in general don't crash.This brings up the important points of geopolitical risks that currently plague the headlines. The world seems like it's a mess. But the company P&L's don't indicate an imminent collapse. Politicians will eventually figure things out, but in the meantime they will put investors through a whirlwind of headlines. That's their job so they can justify their existence to their constituents. Politicians can rarely derail the whole globe on purpose especially when all central banks are dedicated to inflating economies.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Square Stock Has a Good Base for a Bounce appeared first on InvestorPlace.
The 18-carat card costs a whopping £18,750 ($23,440) and can be personalized for customers who “value high-quality luxury items that make a statement,” the maker of U.K. bank coins said.
American Express (AXP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Large numbers of consumers are struggling to pay their bills, meaning that growth in consumer spending, 70% of U.S. GDP, may stall.
World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients' money after undertaking a rigorous examination of any potential stock. They are particularly successful in this regard when it comes to small-cap stocks, which their peerless research gives them a big information advantage on when it comes to judging their worth. […]
DOW UPDATE Led by strong returns for shares of Visa and American Express, the Dow Jones Industrial Average is climbing Wednesday afternoon. The Dow (DJIA) is trading 183 points, or 0.7%, higher, as shares of Visa (V) and American Express (AXP) are contributing to the index's intraday rally.
U.S. small and midsize businesses are often referenced as the backbone of the country’s economy thanks to their drive and ambition to grow and scale but finding new opportunities to expand a business is often challenging. To explore the perspectives of small and midsize businesses on ways to grow, American Express conducted the first ever Survey of Small and Midsize Business Suppliers in 2019. The survey results, which includes responses from 501 small and midsize companies with revenues between $250,000 to $1 billion annually, suggest a bright future ahead for businesses who tap into this new avenue for growth.
The expansion of Visa's (V) partnership with Revolut is in sync with its long-term strategy of collaborating with fintech players to keep up with the rapidly changing technology and innovations.